MIC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MIC
Largest movements
- Receivables within one year -€361,741
down €361,741 (-69.8%), from €517,963 to €156,222
of which Other amounts receivable: -€366,224
- Cash -€73,683
down €73,683 (-14.7%), from €502,172 to €428,489
mainly Accrued charges and deferred income (-€403,574) and Net result for the year (-€48,808)
- Tangible fixed assets -€24,191
down €24,191 (-100%), from €24,191 to €0
- Accrued charges and deferred income -€403,574
down €403,574 (-99.7%), from €404,674 to €1,100
- Profit (loss) carried forward -€48,808
down €48,808 (-20.0%), from €244,288 to €195,480
- Investment grants -€24,191
down €24,191 (-100%), from €24,191 to €0
- Provisions +€23,200
up €23,200 (+341%), from €6,800 to €30,000
- Purchases and services -€176,788
down €176,788 (-23.3%), from €757,526 to €580,738
- Gross operating margin -€120,413
down €120,413 (-30.8%), from €391,055 to €270,642
- Staff costs -€27,389
down €27,389 (-9.5%), from €288,729 to €261,340
- Turnover +€21,641
up €21,641 (+22.2%), from €97,345 to €118,986
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,680 | €615,317 | -€458,363 | -42.7% |
| Fixed assets | 21/28 | €49,465 | €26,528 | -€22,937 | -46.4% |
| Tangible fixed assets | 22/27 | €24,191 | €0 | -€24,191 | -100% |
| Furniture and vehicles | 24 | €24,191 | €0 | -€24,191 | -100% |
| Financial fixed assets | 28 | €25,274 | €26,528 | +€1,254 | +5.0% |
| Current assets | 29/58 | €1,024,215 | €588,789 | -€435,426 | -42.5% |
| Amounts receivable within one year | 40/41 | €517,963 | €156,222 | -€361,741 | -69.8% |
| Trade receivables | 40 | €31,164 | €35,648 | +€4,484 | +14.4% |
| Other amounts receivable | 41 | €486,799 | €120,575 | -€366,224 | -75.2% |
| Cash at bank and in hand | 54/58 | €502,172 | €428,489 | -€73,683 | -14.7% |
| Deferred charges and accrued income | 490/1 | €4,079 | €4,078 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €1,073,680 | €615,317 | -€458,363 | -42.7% |
| Equity | 10/15 | €558,480 | €485,480 | -€73,000 | -13.1% |
| Reserves | 13 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,288 | €195,480 | -€48,808 | -20.0% |
| Investment grants | 15 | €24,191 | €0 | -€24,191 | -100% |
| Provisions and deferred taxes | 16 | €6,800 | €30,000 | +€23,200 | +341% |
| Provisions for liabilities and charges | 160/5 | €6,800 | €30,000 | +€23,200 | +341% |
| Other liabilities and charges | 164/5 | €6,800 | €30,000 | +€23,200 | +341% |
| Amounts payable | 17/49 | €508,400 | €99,837 | -€408,563 | -80.4% |
| Amounts payable within one year | 42/48 | €103,727 | €98,737 | -€4,990 | -4.8% |
| Trade debts | 44 | €59,812 | €64,117 | +€4,305 | +7.2% |
| Suppliers | 440/4 | €59,812 | €64,117 | +€4,305 | +7.2% |
| Taxes, remuneration and social security | 45 | €43,914 | €34,620 | -€9,295 | -21.2% |
| Taxes | 450/3 | €8,040 | €7,127 | -€913 | -11.4% |
| Remuneration and social security | 454/9 | €35,874 | €27,493 | -€8,381 | -23.4% |
| Accrued charges and deferred income | 492/3 | €404,674 | €1,100 | -€403,574 | -99.7% |
| Turnover | 70 | €97,345 | €118,986 | +€21,641 | +22.2% |
| Membership fees, donations, legacies and grants | 73 | €24,452 | €24,191 | -€261 | -1.1% |
| Non-recurring operating income | 76A | €49,125 | €0 | -€49,125 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €757,526 | €580,738 | -€176,788 | -23.3% |
| Remuneration, social security and pensions | 62 | €288,729 | €261,340 | -€27,389 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,452 | €24,191 | -€261 | -1.1% |
| Other operating charges | 640/8 | €75 | €75 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €10,542 | +€10,542 | |
| Gross operating margin | 9900 | €391,055 | €270,642 | -€120,413 | -30.8% |
| Operating profit (loss) | 9901 | €70,998 | -€48,707 | -€119,705 | |
| Financial income | 75/76B | €667 | €1,172 | +€505 | +75.8% |
| Recurring financial income | 75 | €667 | €1,172 | +€505 | +75.8% |
| Financial charges | 65/66B | €301 | €557 | +€256 | +85.2% |
| Recurring financial charges | 65 | €301 | €557 | +€256 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €71,365 | -€48,092 | -€119,456 | |
| Income taxes | 67/77 | €1,343 | €717 | -€626 | -46.6% |
| Profit (loss) for the period | 9904 | €70,022 | -€48,808 | -€118,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,022 | -€48,808 | -€118,830 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.